The Phnom Penh Post
Officials ‘Renting Out’ Outlawed Fishing Lot
Forty families from Kandal province’s Chroy Snor village filed a complaint with Licadho yesterday, accusing district fishery officials of keeping an illegal fishing lot open and renting it to businessmen. ...
Maybank steers for untapped markets
Maybank will bet on what it said was Cambodia’s low bank-penetration rate for future growth as it transitions from a branch of its Malaysian parent into a locally incorporated subsidiary. With 34 licenced banks operating in a market with US$4.07 billion in loans in 2011, analysts ...
Cambodia’s SMEs told to ready for AEC 2015
Cambodian officials are pushing the country’s small- and medium-sized enterprises to prepare for a potential increase in demand expected with the establishment of the ASEAN Economic Community by 2015. ...
Hun Sen: we won’t be bought
After a week of global media reports dissecting Cambodia’s relationship with China, Prime Minister Hun Sen had apparently had enough yesterday – lashing out at the media and analysts he termed “crazy” in what proved an unexpected conclusion to the 20th ASEAN Summit. The premier spent ...
http://www.phnompenhpost.com/index.php/2012040555451/National-news/hun-sen-we-wont-be-bought.html
Kingdom inks $60.3m loan for flood relief
The Ministry of Economy and Finance yesterday signed a US$60.3 million loan package with Asian Development Bank to aid in reconstruction efforts after the Kingdom last year suffered its worst floods in a decade. ...
Sea dispute still in limbo
A code of Conduct governing the South China Sea remains only an “eventual” prospect, Prime Minister Hun Sen said yesterday, despite it dominating discussions during this week’s ASEAN Summit. From the beginning of Monday’s Foreign Ministers’ Meeting, the question of China’s potential involvement in the drafting ...
http://www.phnompenhpost.com/index.php/2012040555452/National-news/sea-dispute-still-in-limbo.html
Maid starved to death in Malaysia, police say
Another Cambodian maid died in Malaysia last week, and starvation by her employers is the likely cause, Malaysian police said yesterday. Speaking to the Post by phone, Penang state police chief deputy commissioner Datuk Wira Ayub Yaakob said 24-year-old domestic worker Mey Sichan’s employer had called ...
Mass factory fainting
107 workers at the Sabrina Garment factory in Kampong Speu’s Sambo commune were sent to hospital after becoming dizzy and fainting late yesterday morning. Choek Borin, the Labour Department’s Kampong Speu bureau chief, said that 107 factory workers fainted ...
http://www.phnompenhpost.com/index.php/2012040555443/National-news/mass-factory-fainting.html
Clash with sugar firm puts villagers in court
Kampong Speu provincial court issued summonses yesterday to five villagers from Thpong district’s Omlaing commune, who are involved in a long-standing land dispute with Cambodia People’s Party senator Ly Yong Phat’s Phnom Penh Sugar company. ...
Pursat Pheapimex protest
About 300 people from six villages in Pursat province’s Kbal Trach commune protested yesterday outside Pheapimex Group’s Krakor district office, the latest confrontation in a land dispute that stretches back 13 years. Villager representative Duok Sary said they had come to demand that the company ...
May Tittihara
http://www.phnompenhpost.com/national/pursat-pheapimex-protest
SEA firms to ship $2b of rubber to China
Cambodia’s Prominence Investment Enterprise and Thailand’s Panpee Group have signed an agreement to supply China’s Yunnan Rubber Co Ltd with 500,000 tonnes, or US$2 billion worth, of rubber per year, Sam Kay, general manager of the local partner, said yesterday. ...
Maybank plans Cambodia subsidiary
Malayan Banking Bhd (Maybank), one of Malaysia’s largest banks, plans to transition its Cambodian branch into a subsidiary in a bid for larger market share in the Kingdom’s crowded Cambodian banking sector. The bank, which opened as a branch in 1993, received a local incorporation licence ...
http://www.phnompenhpost.com/index.php/2012040455412/Business/maybank-plans-cambodia-subsidiary.html
Stocks’ excellent first quarter
Preservation of capital is fast losing ground to increased risk-taking as global equity markets close the quarter with a stellar performance. Investors are concerned that they will miss the accelerating upside move. Out of the 78 major financial markets around the world, the score is 66 positive ...
http://www.phnompenhpost.com/index.php/2012040455410/Business/stocks-excellent-first-quarter.html
ASEAN hits troubled waters
Prime Minister Hun Sen pushed regional unity at the opening ceremony of the ASEAN Summit yesterday, but criticism directed at Cambodia over the South China Sea ensured the dispute remained front and centre. As heavily armed guards lined the streets outside the Peace Palace in Phnom ...
http://www.phnompenhpost.com/index.php/2012040455423/National-news/asean-hits-troubled-waters.html
Gaming firm to expand Poipet operations
American Stock Exchange-listed Entertainment Gaming Asia Inc has announced it will build and operate a slot hall as an addition to an existing casino in Poipet city on Cambodia’s border with Thailand, according to a company statement. ...
Kratie villagers seek accord
Kratie provincial authorities met with more than 500 Pi Thnou commune families seeking a social land concession yesterday, making good on a promise made last week in order to get villagers to end their blocking of national road 6A. ...
http://www.phnompenhpost.com/index.php/2012040455417/National-news/kratie-villagers-seek-accord.html
Borei Keila evictees ‘will die’ without aid
Borei Keila evictees sleeping under stairs at the site where their houses were bulldozed in January would die unless more aid organisations provided them with food, an NGO representative said yesterday. Amnesty International paid for the Housing Rights Task Force (HRTF) to deliver more than 1,200 ...
Cops ejected from Boeung Kak press event
Boeung Kak lake residents yesterday accused commune police of not fulfilling their duty of keeping them safe, forcibly expelling a number of officers from a press conference called to highlight the problem. ...
South China Sea surfaces
The Philippines thrust the South China Sea dispute to the forefront of the ASEAN Foreign Ministers’ Meeting yesterday, causing the topic to dominate discussions. Myanmar by-elections and North Korea also featured prominently on the eve of today’s ASEAN summit, overshadowing the foreign ministers’ planned focus on ...
http://www.phnompenhpost.com/index.php/2012040355401/National-news/south-china-sea-surfaces.html
China stalls Cambodia’s first rice exports at border
Cambodia had made its first direct shipment of rice to China, an official revealed yesterday, but the test run, which was hoped to open the vast Chinese rice market to local exporters, was largely unsuccessful. Golden Rice Co Ltd shipped 48 tonnes of milled rice to ...
Hu gone with Boeung Kak petition hopes
Hu Jintao had already left the day before, but five Boeung Kak villagers were undeterred yesterday as they attempted to leave a petition for China’s president, only to be turned back by police. The quintet, whose petition requests that Hu intervene in their land dispute with ...
Water treatment JV plans $200 million investment
Cambodia’s Heng Development Co Ltd, in co-operation with Thai and Chinese companies, plans to invest about US$200 million in a water-treatment project this year, according to the company’s general director. ...
Replacement for Toll’s Kerr has arrived in Phnom Penh
Toll Royal Railways chief executive David Kerr is on track to leave Cambodia by the end of the month, according to his expected replacement. Bobby Luow, a 40-year veteran of the rail industry, mainly in South Africa, told the Post he had been brought in to ...
Railway evictees seek ADB aid
Families forced to move by the rehabilitation of the Phnom Penh stretch of the national railway petitioned the Asian Development Bank yesterday for help with their livelihoods. About 50 people gathered outside the ADB’s office to submit a petition representing more than 160 families relocated to ...